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New Deal


Announced

Completed

ICF completed the acquisition of Incentive Technology Group for $255m.

Financials

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Transaction Value£196m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.8x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Acquisition

Friendly

Private

Single Bidder

consumer electronics

cloud-based services

Digital Services

United States

cloud-based platform services

Majority

Completed

Synopsis

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ICF, a global consulting and technology services provider, completed the acquisition of Incentive Technology Group, a provider of cloud-based platform services to the US federal government for $255m. "Federal CIOs work closely with agency personnel to deliver technologies and services that achieve missions through platforms, communications, policy, cross-agency collaboration and more. As one team, ICF and ITG bring highly complementary capabilities and will be uniquely positioned to architect and implement technology platforms that drive the strategic transformation agencies need to meet their new mandates. Importantly, this is an excellent cultural fit for our collaborative, entrepreneurial organization, which was a key determinant in our decision to join together with ICF," JC Chidiac, ITG Chief Operating Officer.

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